53 Paul Street
East Haven, Connecticut

Description:

Rare commercial and residential investment opportunity at 53 Paul St., East Haven, featuring a 4-bay commercial automotive service center alongside a separate single-family residence (63 Paul St, East Haven). currently occupied by tenants and generating approximately $21,300 in annual rental income. The property offers exceptional versatility and immediate income, making it ideal for an owner-operator seeking established garage space with built-in residential income or an investor looking for a multi-use asset. An optional business asset package is available for an additional $125,000, including mechanical shop equipment, business goodwill, and use of the established trade name/DBA, subject to mutually agreed terms. Seller financing may be available to a qualified buyer with a 45% deposit. Situated in a highly accessible corridor, the property is located just over 1 mile from Interstate 91 and just over 6 miles from Tweed New Haven Airport, providing excellent regional connectivity. For added peace of mind and an accelerated due diligence process, a Phase 1 Environmental Site Assessment has already been completed. Professional photos coming soon!

Listing Courtesy of Berkshire Hathaway NE Prop.